Nike pays duty with a downgrade

Nike pays duty with a downgrade

(Finance) – Travel downwards Nike which trades at a loss of 3.60% on the previous values.

The decision by Barclays analysts to lower the rating from “overweight” to “equal weight”, citing the potential impact on earnings in the coming periods due to weak demand in North America and elsewhere, contributes to weighing on the shares.

The scenario on a weekly basis of the American manufacturer of sports shoes detects a slackening of the curve with respect to the force expressed by Dow Jones. This withdrawal could make the title subject to sales by operators.

The medium-term trends of Nike is confirmed negative. On the contrary, in the short term, there is an improvement in the positive phase which reaches the most immediate resistance seen at USD 104.4. Support estimated at 102.3. Technically, we tend to benefit from a new bullish point estimated in the 106.5 area.